International

About 80% of the global art market by value takes place outside the UK. The largest art market in the world is the US with China in third place (after the UK) followed by France, Germany and Switzerland.

Many more nations have a rich art and antiques heritage with active auction, dealer, fair, gallery and museum sectors even if their market size by value is smaller.

Read the top stories and latest art and antiques news from all these countries.

Upper East Side Armory rent hikes

12 February 2007

NEW YORK’s fairs scene is in some turmoil following a massive rent hike at the Seventh Regiment Armory on Manhattan’s Upper East Side, the city’s chosen venue for art and antiques fairs.

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The £1.3m sleeper

05 February 2007

A spectacular sleeper was awoken in Sweden on December 5 when an oil sketch catalogued as in the manner of Peter Paul Rubens sold to a British buyer at SEK16.6m (£1,298,000) amidst speculation it was by the artist himself.

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The Wright stuff

29 January 2007

Among the highlights of Sotheby’s New York’s $96.9m Important Old Master Paintings sale on January 25 was Portrait of Captain Robert Shore Milnes painted in 1771-72 by Joseph Wright of Derby.

Bonhams open in Hong Kong for sales in May

15 January 2007

Bonhams have announced the opening of a new office in Hong Kong and three sales slated for May at Asia World Expo, the new exhibition centre there.

Christie’s secure big lead in Paris

08 January 2007

Christie’s confirmed their Paris dominance in 2006 by posting sales of €200.8m (£135m), up 74 per cent on the previous year.

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Canadian views of the Aynsley factory

08 January 2007

Aynsley China has a history stretching back to 1775 when John Aynsley first started producing ceramics in Longton, Staffordshire. Its enduring reputation is for its bone china tablewares decorated with floral sprays or fruit in the manner of Royal Worcester, or for its commemorative pieces. They remain very affordable and even Aynsley’s well-painted cabinet plates featuring British landmarks usually cost less than £100.

Bloomsbury launch in Italy

08 January 2007

LONDON-based specialist book auctioneers Bloomsbury Auctions enjoyed a successful inaugural sale in Rome on December 6 where a total of €801,000 (£545,000) was realised.

Droit de Suite nets £1m in its first year

03 January 2007

THE British art trade has paid out over £1m since Droit de Suite came into force at the start of the year. Despite some initial bureaucratic difficulties, the Artists’ Resale Right appears to have been implemented more smoothly in Britain than in other European countries.

TEFAF report reveals the economic phenomenon of the Maastricht effect

18 December 2006

HOTELS, restaurants, insurance, security, shippers and packers, design and print, marketing and promotion. These are just some of the ancillary industries that benefit when the show comes to town.

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The original Red-Nose Day

18 December 2006

Illustrated by Denver Gillen, Robert L. May’s poem about Rudolph the Red Nosed Reindeer was first issued in 1939 as a give-away booklet for children by a Chicago department store, Montgomery Ward.

New fairs aim to crack Middle and Far East markets

11 December 2006

Contemporary art plans for Shanghai and Dubai

Christie’s extend live bidding

11 December 2006

Christie’s are to increase the number of European salerooms offering the Christie’s Live online bidding feature.

Trade weigh up pros and cons of two-dollar pound

04 December 2006

Dealers travelling to the United States for the New Year fairs season remained optimistic last week as sterling jumped to its highest level against the dollar in 14 years. The continued weakness in the US currency raised the prospect of a two-dollar pound in time for the January showpiece events in New York and Florida.

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Another record-breaking sale with $240m for post-War art

20 November 2006

November saw the art market hit a new high as Christie’s capped a remarkable series of New York sales with a record $240m (£131m) for post-War and Contemporary art.

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Christie’s $500m ‘Bloch’ buster

13 November 2006

Feeding frenzy sets new record as bidders get their fill despite absence of Lloyd Webber Picasso

At $238m, Sotheby’s enjoy their best day since 1990

13 November 2006

Sotheby’s Impressionist and Modern art sale of 83 lots on November 7 generated $238m (£131.5m) and was the auctioneers’ highest auction total since the previous Impressionist and Modern high water mark of May 1990.

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Sotheby’s and Christie’s sign up for TEFAF Maastricht

06 November 2006

WHEN TEFAF Maastricht opens its doors next March, something will be different. An extraordinary sequence of events means that for the first time, the world’s two biggest auctioneers will effectively stand as exhibitors at the world’s most important fair for specialist dealers in fine art and antiques.

Pollock sets new all-time high

06 November 2006

Jackson Pollock’s 1948 drip painting Number 5 has set a new record for a painting. Mexican financier David Martinez has reportedly paid $140m for it in a private deal brokered by Sotheby’s.

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The way the wind is blowing…

30 October 2006

AMERICAN folk art moved into new territory at Sotheby’s New York on October 6 when this life-size Indian chief weathervane with a rich verdigris patina sold for $5.2m/£2.9m (plus 20/12% buyer’s premium).

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Chimneypiece fitted in 1970s is now “an essential feature of a protected structure”

30 October 2006

The 2001 Irish heritage laws are again being tested after a local council announced its intent to stop the sale of an 18th century fireplace on the grounds that – although not fitted in the property until the early 1970s – it is now an essential feature of the house.

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